Category: Financial Reform

The Consumer Financial Protection Bureau (CFPB) is the consumer’s advocate. In October 2015, the CFPB proposed a rule to amend Regulation C and the Home Mortgage Disclosure Act (HMDA). The rule, scheduled to take effect in January 2018, would change the processes for reporting data, the types of data that financial lenders are required to […]

The Consumer Finance Protection Bureau (CFPB), an independent agency of the United States government, issues and enforces rules to ensure that consumer finance markets work and allows consumers to retain control of their economic lives. The Bureau puts consumers first, serving as the public’s advocate when one of the three branches of government makes a […]

Last month, Tesla announced a partnership with the country of Dubai to put 200 driverless taxis on the road. The fact that Tesla and other Silicon Valley companies, like Uber and Google, are focusing heavily on research and development of artificial intelligence and automated technology comes as no surprise. Yet, what is surprising is the lack of […]

The question is, Why race and why now? There are organizations and individuals who think that not focusing on and acknowledging race or ethnicity is the polite thing to do. I call that “the invisible race card.” They think class and gender explain all differences in our society. But, while class and gender are important, […]

Citigroup, one of the nation’s biggest banks, has agreed to pay $7 billion to settle claims brought on by the Justice Department because of its participation in the housing crisis. After a federal investigation lead by Attorney General Eric Holder, the bank admitted to deceiving consumers and engaging in risky subprime mortgages.

Reid Cramer is director of the Asset Building Program at the New America Foundation, which aims to promote policies and ideas that significantly broaden access to economic resources through increased savings and asset ownership, especially among lower-income families.

Kezia Williams serves as Chair of Capital Cause, a DC-based fiscally-sponsored nonprofit dedicated to engaging young philanthropists in giving. Her work with this organization has included growing the organization from five vested members to over 5,000 young professionals influenced by the message of young philanthropy.